ACCE

Access Bank (Ghana)GHSE:ACCESS Stock Report

Market Cap

GH₵607.1m

7D

0%

1Y

n/a

Updated

25 Oct, 2021

Data

Company Financials
ACCESS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

ACCESS Overview

Access Bank (Ghana) Plc provides various banking products and services in Ghana and internationally.

Access Bank (Ghana) Competitors

Standard Chartered Bank Ghana

GHSE:SCB

GH₵2.7b

Ecobank Ghana

GHSE:EGH

GH₵2.5b

GCB Bank

GHSE:GCB

GH₵1.4b

Societe Generale Ghana

GHSE:SOGEGH

GH₵851.0m

Price History & Performance

Summary of all time highs, changes and price drops for Access Bank (Ghana)
Historical stock prices
Current Share PriceGH₵3.49
52 Week HighGH₵0
52 Week LowGH₵0
Beta0.62
1 Month Change0%
3 Month Change0%
1 Year Changen/a
3 Year Change15.95%
5 Year Changen/a
Change since IPO-14.88%

Recent News & Updates

Shareholder Returns

ACCESSGH BanksGH Market
7D0%0%0.1%
1Yn/a39.9%72.4%

Return vs Industry: Insufficient data to determine how ACCESS performed against the GH Banks industry.

Return vs Market: Insufficient data to determine how ACCESS performed against the GH Market.

Price Volatility

Is ACCESS's price volatile compared to industry and market?
ACCESS volatility
ACCESS Beta0.62
Industry Beta0.58
Market Beta1

Stable Share Price: Insufficient data to determine ACCESS's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine ACCESS's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2009677Olumide Olatunjihttps://www.ghana.accessbankplc.com

Access Bank (Ghana) Plc provides various banking products and services in Ghana and internationally. The company operates through five segments: Institutional Banking, Commercial Banking, Personal Banking, Business Banking, and Treasury and Investment Banking. It offers current, savings, and call accounts; fixed deposits; vehicle and personal loans, term loans, and overdrafts; and mobile and Internet banking, automated teller machine, money transfer, and cardless withdrawal services, as well as debit and credit cards.

Access Bank (Ghana) Fundamentals Summary

How do Access Bank (Ghana)'s earnings and revenue compare to its market cap?
ACCESS fundamental statistics
Market CapGH₵607.08m
Earnings (TTM)GH₵256.70m
Revenue (TTM)GH₵598.32m

2.4x

P/E Ratio

0.5x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ACCESS income statement (TTM)
RevenueGH₵598.32m
Cost of RevenueGH₵0
Gross ProfitGH₵598.32m
ExpensesGH₵341.62m
EarningsGH₵256.70m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.48
Gross Margin100.00%
Net Profit Margin42.90%
Debt/Equity Ratio50.2%

How did ACCESS perform over the long term?

See historical performance and comparison

Dividends

6.6%

Current Dividend Yield

16%

Payout Ratio

Valuation

Is Access Bank (Ghana) undervalued compared to its fair value and its price relative to the market?

26.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACCESS (GHS3.49) is trading below our estimate of fair value (GHS4.72)

Significantly Below Fair Value: ACCESS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ACCESS is good value based on its PE Ratio (2.4x) compared to the GH Banks industry average (4.1x).

PE vs Market: ACCESS is good value based on its PE Ratio (2.4x) compared to the GH market (5.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ACCESS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: ACCESS is good value based on its PB Ratio (0.5x) compared to the GH Banks industry average (0.7x).


Future Growth

How is Access Bank (Ghana) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.4%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Access Bank (Ghana) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Access Bank (Ghana) performed over the past 5 years?

46.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACCESS has high quality earnings.

Growing Profit Margin: ACCESS's current net profit margins (42.9%) are higher than last year (41.9%).


Past Earnings Growth Analysis

Earnings Trend: ACCESS's earnings have grown significantly by 46.5% per year over the past 5 years.

Accelerating Growth: ACCESS's earnings growth over the past year (29.8%) is below its 5-year average (46.5% per year).

Earnings vs Industry: ACCESS earnings growth over the past year (29.8%) underperformed the Banks industry 32.6%.


Return on Equity

High ROE: ACCESS's Return on Equity (21.3%) is considered high.


Financial Health

How is Access Bank (Ghana)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: ACCESS's Assets to Equity ratio (5.7x) is low.

Allowance for Bad Loans: ACCESS has a low allowance for bad loans (62%).

Low Risk Liabilities: 86% of ACCESS's liabilities are made up of primarily low risk sources of funding.

Loan Level: ACCESS has an appropriate level of Loans to Assets ratio (18%).

Low Risk Deposits: ACCESS's Loans to Deposits ratio (25%) is appropriate.

Level of Bad Loans: ACCESS has a high level of bad loans (18.5%).


Dividend

What is Access Bank (Ghana) current dividend yield, its reliability and sustainability?

6.59%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ACCESS's dividend (6.59%) is higher than the bottom 25% of dividend payers in the GH market (4.7%).

High Dividend: ACCESS's dividend (6.59%) is low compared to the top 25% of dividend payers in the GH market (8.17%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether ACCESS's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ACCESS's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.6%), ACCESS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Olumide Olatunji (46 yo)

2.83yrs

Tenure

Mr. Olumide Olatunji has been Managing Director of Access Bank (Ghana) Plc since December 5, 2018 and serves as its Director. He was Non-Executive Director at Access Bank (Rwanda) Plc until 2019. As an exp...


Leadership Team

Experienced Management: ACCESS's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ACCESS's board of directors are considered experienced (7.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Access Bank (Ghana) Plc's employee growth, exchange listings and data sources


Key Information

  • Name: Access Bank (Ghana) Plc
  • Ticker: ACCESS
  • Exchange: GHSE
  • Founded: 2009
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: GH₵607.077m
  • Shares outstanding: 173.95m
  • Website: https://www.ghana.accessbankplc.com

Number of Employees


Location

  • Access Bank (Ghana) Plc
  • Starlets’ 91 Road
  • Opposite Accra Sports Stadium
  • Accra
  • Ghana

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/25 17:00
End of Day Share Price2021/10/13 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.